Colibri Resource Corporation Closes First Tranche of Oversubscribed Private Placement

Colibri Resource Corporation

DIEPPE, N.B., March 5, 2018 (CBI: TSX-V) – Colibri Resource Corporation (“Colibri” or the “Company”) is very pleased to announce that, as a result of strong investor interest, it has closed on an over-subscribed first tranche on its previously announced $1,000,000 financing (see the Company’s news release of February 7, 2018). The Company has issued 10,770,980 units at $0.10 per unit for gross proceeds of $1,077,098, and intends to close a second tranche in due course. Total gross proceeds to be raised between the first and second tranches is expected to be approximately $1,200,000.

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